BA102B_2006_Spring_MT2_Geyer

BA102B_2006_Spring_MT2_Geyer - University of California...

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University of California, Berkeley Walter A. Haas School of Business UGBA102B Introduction to Managerial Accounting MidTerm II Exam; Spring 2006 Student Name: ____________________ ; Student ID ____________________ Please answer all four (4) questions. Space is provided for answers on these sheets. Question 1. (25 points) The following cost data relate to the manufacturing activities of the Kanaba Company last year: The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $5.00 per machine-hour; a total of 5,000 machine hours were recorded for the year. Required: 1. Compute the under- or overapplied overhead cost for last year. 2. Calculate the cost of goods manufactured for last year before adjusting for under/overapplied overhead. Manufacturing overhead costs: Property taxes 1,500 $ Utilities, factory 2,500 $ Indirect labor 5,000 $ Depreciation, factory 12,000 $ Insurance, factory 3,000 $ Total 24,000 $ Other costs incurred: Purchases of raw materials 16,000 $ Direct labor cost 20,000 $ Inventories: Raw materials, January 1 4,000 $ Raw materials, December 31 3,500 $ Work in process, January 1 3,000 $ Work in process, December 31 3,750 $
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(Space for Question 1) UGBA 102B Introduction to Managerial Accounting / Geyer / Spring 2006 2
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Question 2. (25 points)
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BA102B_2006_Spring_MT2_Geyer - University of California...

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